Let’s Start Planning Your Future Today
Whether you need to create a simple Will, protect your assets, or plan for your business, our team is here to help.
Schedule Your Free Consulation25
Mar
Three Key Strategies for Helping Clients Navigate Aging Plans
Many of your clients are baby boomers (now ages 50-68) moving into retirement and dealing with all the issues related to aging: elderly parents, kids in college, saving enough to last a lifetime and protecting what they have. With a dizzying array of financial instruments to choo...
View MoreCategory: Advisors
25
Mar
These Four Childfree Prospect Tips Will Grow Your Business – And They’re Not What You Think
Childfree individuals and couples often face choices, decisions, and questions, which you are uniquely qualified to address. Like many allied financial professionals, you may focus on helping clients pass the maximum amount of wealth to their beloved children. Along with buying a...
View MoreCategory: Advisors
25
Mar
How to Avoid a Basis Management Disaster
Many of us in the legal, financial and accounting worlds discover our new clients' well-intentioned, yet disastrous, plans after the fact. The widow has already transferred her house into her children’s names or an inherited IRA is drained to pay for a Porsche. Observ...
View MoreCategory: Advisors
25
Mar
Portability and Married Couples
Portability laws and the opportunities they create have significantly increased advisors' roles in estate planning. No longer is the standard credit shelter trust (with QTIP or outright distribution to spouse) the only way for married couples to plan. Now, CPAs, insurance...
View MoreCategory: Advisors
06
Mar
Tax Tips to take to Minimize income and estate taxes in Trusts and Estate Planning
1. Consider distributions to beneficiaries Because the maximum ordinary tax rate (39. 6 percent) and the net investment income tax (3. 8 percent) apply to trust income at a much lower threshold than they do for individuals, trustees of discretionary trusts should consider distribu...
View MoreCategories: Estate Planning Taxation Trusts
25
Mar
Asset Protection Planning for the Modern Client
Only the very wealthy and those in high-risk professions need asset protection planning, right? That's a myth. In reality, we all need asset protection. Why? Because we all can be sued and lose everything we have. A car accident, business failure, foreclosure, medical crisi...
View MoreCategory: Advisors
06
Mar
How to Protect Inherited IRAs After the Clark v. Rameker Decision
In a landmark, unanimous decision handed down on June 12, 2014, the United States Supreme Court held that inherited IRAs are not “retirement funds. ”This ruling is important to you and your family because it means you need to take action to insure your retirement fund...
View MoreCategory: Ira Distribution Planning
06
Mar
Steven Allen Resigning to Begin New Clerkship
With a combination of sadness and pride, Strauss Attorneys PLLC. , announces that its estate controversy litigator, Steven J. Allen, will resign on July 31, 2014 to begin a clerkship in Mobile, Alabama with Senior United States Circuit Judge Emmitt R. Cox, United States Court of A...
View MoreCategories: Estate Planning Firm
06
Mar
The Three-Year Review and The Three-Year Plan
Review your life's circumstances from three years ago. Think about what you knew and what you didn’t know about managing your wealth. What were the top five lessons you learned? How have your views about money and wealth changed? Given all that, where do you want to b...
View MoreCategory: Estate Planning
06
Mar
Inherited IRAs NOT proctected in Bankruptcy
Recent news from our friend, Bob Keebler: The US Supreme Court has unanimously ruled in the Clark case that funds held in inherited IRAs are NOT “retirement funds” within the meaning of §522(b)(3)(C) and therefore are not protected in bankruptcy. It is clear that IRAs are exempt...
View MoreCategory: Ira Distribution Planning
